The global VCI paper market is likely to be valued at US$ 600.3 million in 2022 and is predicted to secure a sluggish CAGR of 1.5% through 2032. The sales of VCI paper are expected to grow at a value of US$ 696.5 million by 2032.
VCI paper is becoming more popular due to its anti-corrosive properties, low cost, and environmental friendliness and recyclable nature. The fact that VCI papers operate as corrosion inhibitors contributes to their rising demand. They aid with the corrosion protection of metal components, costings and assemblies, and diverse parts. This substance is expected to provide protection during metal transportation and other factors that extend the lifecycle.
Drivers and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report! https://www.futuremarketinsights.com/reports/sample/rep-gb-3544
Competitive Landscape-
Key Players Setting the Bar too High for New Entrants with their Innovation Capabilties
The key companies are seeking solutions that would make packaging seamless for the end users. Some of the recent developments by the market players are:
Natur-VCI, a biodegradable and compostable vapor corrosion inhibitor film, was introduced in May 2021 by the Northern Technologies International Corp. business unit to protect both ferrous and non-ferrous metals during shipment and short-term storage.
The key players in the VCI paper market are:
- Branopac
- OJI PAPE
- Daubert VCI
- Zerust
- RustxUS
- LPS Industries
- Transilwrap (Metpro)
- Protective Packaging Corporation
- RBL Industries
- Technology Packaging Ltd
- Protopak Engineering Corp
- Green Packaging
Recyclability of VCI Paper to Keep the Profit Margin High for Manufacturers
It is projected that the increase in the export of steel and iron parts and other similar components across the globe is one of the major factors driving the growth of the VCI Paper market. Moreover, the extensive need in the level of shipping and logistical activities of metal products is raising the demand for advanced anti-corrosion products, and the surge is adopting various development strategies by manufacturers to get an edge in the market, which is further accelerating the growth of the VCI paper market.
Furthermore, the factor propelling the VCI paper market is the recyclable characteristic of the paper. Along with having recyclable properties, the VCI papers are environment-friendly in nature and quite economical, that act as a promoting factor for the VCI paper market.
Ask an Analyst @ https://www.futuremarketinsights.com/askus/rep-gb-3544
VCI Paper Market- Market Dynamics
Anti-corrosive nature of VCI paper is the major driver for the VCI paper market which facilitates effective protection during transportation of metals. Another factor fueling the VCI paper market is the property of the paper which increases the life-cycle of products without interfering with their electrical or mechanical surface properties.
VCI paper is environment friendly and quite economic in nature thus acting as another promoting factor for the VCI paper market. Another factor propelling the VCI paper market is the recyclable characteristics of the paper.
VCI paper protects both ferrous and non-ferrous materials including steal, cast iron, aluminum, copper, zinc, nickel and chrome. Another factor aiding in the growth of VCI paper market is the easy and convenience of using VCI paper.
The flexibility of VCI paper aids in wrapping of metallic parts and components easily without any usage of packaging tapes hence making the packaging process economic and more productive. However, the major barrier to the VCI paper market is its compatibility with smaller parts and components. Moreover, the hindrance during visual inspection of machines restrains the growth of VCI paper market.
VCI Paper Market- Regional Outlook
Geographically, the VCI paper market can be segmented into five key regions namely, North America, Asia Pacific, Europe, Latin America and Middle East and Africa. North American and European regions is the leading market segment for the VCI paper market and due to the increasing demand in these regions the market is expected to witness a healthy growth over the forecast period.
Active investments made in the emerging market of Asia-Pacific due to economic labor is also anticipated to have a significant growth over the forecast period.
Expand operations in the future – To get requisite details, ask for a custom report. https://www.futuremarketinsights.com/customization-available/rep-gb-3544
Key Segments in the VCI Paper Market
By Product:
- VCI Paper
- VCI Films
- VCI Bags
- Foam
- Other
By Material:
- Paper
- Polythene
- Other
By End-User Industry:
- Aerospace & Defence
- Primary Metal
- Electricals & Electronics
- Automotive
- Heavy Equipment
- Metal Works
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
LinkedIn| Twitter| Blogs | YouTube
For Sales Enquiries: sales@futuremarketinsights.com